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$349,000

  • For Sale
  • Active
  • Condo
  • 1 Bed
  • 2 Full Baths
  • Updated 12 days ago
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Calling all investors! This is more than just a condo -- it's an established income-producing business opportunity with a proven rental history already in place. This successful vacation rental has been professionally managed through the seller's rental company and includes a solid 3-year rental history, making it an excellent opportunity for investors seeking a turnkey property that is already generating revenue comparable to Gulf view units. Whether you're looking to expand your portfolio, invest in a beach property, or purchase an established short-term rental business, this condo offers the opportunity to step into a property that is already working for you from day one. This 1 bedroom, 2 bathroom + bunk room condo has been meticulously maintained and updated with LVP flooring, stainless steel appliances, tile backsplash. It is being offered fully furnished and is turnkey rental ready. The location on the 16th floor close to the elevators offers easy access and amazing views of the lake and fountain as well as a peek of the Gulf from your private balcony. Resort-style amenities include direct gated beach access for endless sun & surf, 5 pools including a lagoon pool & rooftop pool, Kids Funscape Playground & splash zone, Gulf-view fitness center to work out, Splash Bar & Grill - dine without leaving the resort, covered garage parking for convenience & security, 52,000 sq. ft. lakefront boardwalk with market shops and new to the property is 810 Billiards & Bowling complete with an arcade and milkshake bar - a place for social fun for all ages. In today's market, opportunities like this are about more than location -- they're about return on investment, consistent income potential, and owning a property with an established track record. Please note: all arcade 1up machines not included in sale . Contact me for rental history, income details, and more information on this exceptional investment opportunity.

Full Property Details for 9902 S Thomas Dr #1635

General

  • Price: $349,000
  • HOA FEE: $830/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $3,027 (2025)
  • Status: Active
  • Type: Condo
  • Source: Bay_County
  • MLS ID: 791661
  • Updated: 7/27/2026
  • Added to Site: 49 day(s) ago

Interior

  • Number of Rooms: 5
  • Interior Features: Main Level Primary, Tub Shower
  • Appliances: Washer/Dryer Stacked, Electric Oven, Electric Range, Electric Water Heater

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 1

Other Rooms

  • Laundry: Stacked

Additional Information

  • Shared Amenities: Other, See Remarks, Gazebo, Barbecue
  • Pool: Yes
  • Pool Description: Gunite, Gas Heat, In Ground, Community
  • Security/Safety: Fire Sprinkler System, 24 Hour Security, Security Guard, Fire Alarm, Smoke Detector(s), Security Service

Exterior

  • Porch/Patio/Deck: Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 1

Location

  • County: Bay
  • Subdivision: Laketown Wharf Phase II
  • Driving Directions: Laketown Wharf is located at the corner of Front Beach Road and S. Thomas Drive, across from Pineapple Willy's.

School Information

  • Elementary School: Breakfast Point
  • Middle School: Breakfast Point
  • High School: Arnold

Community

  • Community Name: 03 - Bay County - Beach
  • Association: Yes
  • Assoc. Fees Include: Association Management, Clubhouse, Cable TV, Fitness Facility, Insurance, Legal/Accounting, Maintenance Grounds, Pest Control, Playground, Pool(s), Recreation Facilities, Sewer, Security, Trash, Water

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Utility Description: Cable Connected, Electricity Available, High Speed Internet Available

Structural Information

  • Architectural Style: High Rise
  • Elevator: Yes
  • Stories/Levels: 21
  • Sq. Ft. Source: Appraiser
  • Year Built: 2007
  • Other Struct. Feat.: Dumpster

Lot Features

  • Property View: Gulf, Lake
  • Lot Dimensions: Condo
  • Frontage: City Street
  • Lot Features: Paved

Water Features

  • Water Front: Yes
  • Water View: Yes
  • Water Front Desc.: Lake, Lake Front
  • Water Front View: Lake, Lake Front
  • Lake Front: Yes

Financial Considerations

  • Association Fee: $2,491
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $3,027
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Listed As-Is
  • Legal Description: LAKETOWN WHARF UNIT 1635 TYPE C BLDG 1 ORB 2994 P 1890 1BR 2BA BUNK ORB 4551 P 596 1047 TOTAL SF
  • Property ID: 40001-000-588

Listed by Realty One Group Emerald Coast

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— 9902 S Thomas Dr #1635 —

  • Realty One Group Emerald Coast

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 9902 S Thomas Dr #1635

School District:Bay County School District
NameGradesDistance
Breakfast Point Academy
601 N Richard Jackson Boulevard, Panama City Beach, FL 32407
K-81.1 mi
J.R. Arnold High School
550 North Alf Coleman Road, Panama City Beach, FL 32407
9-122.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 9902 S Thomas Dr #1635 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/20/2026
Listed
$349,000
16.33%
MLS
4/13/2022
Sold
$300,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 9902 S Thomas Dr #1635

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,385
—
$225,250
-13%
2024
$3,385
—
$259,250
—
2023
$3,400
182%
$259,250
68%
2021
$1,206
-2%
$154,275
-37%
2022
$1,234
2%
$243,525
87%
2021
$1,206
-4%
$130,220
—
2019
$1,250
-28%
$130,220
-3%
2018
$1,740
-3%
$134,300
-19%
2017
$1,795
18%
$166,430
28%
2016
$1,520
36%
$129,965
71%
2015
$1,121
10%
$76,012
10%
2014
$1,018
45%
$69,102
10%
2013
$702
—
$62,820
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 9902 S Thomas Dr #1635

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Realty One Group Emerald Coast

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Sold by Alice de La Penha

9902 S Thomas Drive #1635, Panama City, FL 32408 (MLS# 791661) is a Condo property with 1 bedroom and 2 full bathrooms. 9902 S Thomas Drive #1635 is currently listed for $349,000 and was received on June 21, 2026. Want to learn more about 9902 S Thomas Drive #1635? Do you have questions about finding other Condo real estate for sale in Panama City? You can browse all Panama City real estate or contact a Coldwell Banker agent to request more information.

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